--- title: "Meaning & Key Takeaway of: In my view, if you have one in 10…" description: "\"In my view, if you have one in 10 unemployed - something is wrong with the economy whether you call it recession or not.\" — Amity Shlaes" image: "https://sms4smile.com/quotes/i/11d/amity-shlaes-9137_call_in-my-view-if-you-have-one-in-10-unemplo_669267.png" --- # In my view, if you have one in 10 unemployed - something… ![“In my view, if you have one in 10 unemployed - something is wrong with the economy whether you call it recession or not.” quote by Amity Shlaes](https://sms4smile.com/quotes/i/11d/amity-shlaes-9137_call_in-my-view-if-you-have-one-in-10-unemplo_669267.png) [Download](https://sms4smile.com/quotes/i/11d/amity-shlaes-9137_call_in-my-view-if-you-have-one-in-10-unemplo_669267.png) [Open image](https://sms4smile.com/quotes/i/11d/amity-shlaes-9137_call_in-my-view-if-you-have-one-in-10-unemplo_669267.png) > “In my view, if you have one in 10 unemployed - something is wrong with the economy whether you call it recession or not.” [Amity Shlaes](https://sms4smile.com/quotes/author/amity-shlaes/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. A high unemployment rate signals systemic economic issues, regardless of labels. **In simple terms:** Many unemployed indicate deeper problems. Key Takeaway Address root causes of joblessness. Themes economy employment policy analysis Mood analytical concerned Type policy economic When to use this quote - government policy - business strategy - career counseling - social safety nets Key Concepts Labor market health economic indicators Questions to Reflect On - What policies could reduce unemployment? - How do we measure economic health beyond job numbers? A Different Perspective Labeling a recession may mask specific structural failures. ★ ★ ★ ★ ★ No ratings yet [Economy](https://sms4smile.com/quotes/about/economy/) [Recession](https://sms4smile.com/quotes/about/recession/) [Unemployed](https://sms4smile.com/quotes/about/unemployed/) ## Related quotes > [President Obama's reelection started the countdown for lawmakers to address the fiscal cliff and the statutory debt limit. Unless the President and House Republicans…](https://sms4smile.com/quotes/mark-zandi/president-obama-s-reelection-started-the-countdown-for-lawmakers-to/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) > [When George Bush finally leaves the White House, the satire industry will briefly join the rest of the economy in recession. 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But…](https://sms4smile.com/quotes/george-soros/at-times-of-recession-running-a-budget-deficit-is-highly-desirable/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [A government can't cut its way out of a recession any more than you can dig yourself out of a hole.](https://sms4smile.com/quotes/caroline-lucas/a-government-can-t-cut-its-way-out-of-a-recession-any-more-than-you/) [Caroline Lucas](https://sms4smile.com/quotes/author/caroline-lucas/) ## More by Amity Shlaes > [Right now we're concerned about budget. Right now we're concerned about the prospect of interest rate rise. 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Market participants care first about interest rates, exchange rates, bond prices and the one great factor…](https://sms4smile.com/quotes/amity-shlaes/to-investors-job-creation-is-a-second-order-effect-market/) [Amity Shlaes](https://sms4smile.com/quotes/author/amity-shlaes/) > [The difference between recession and depression is simple. Recession, goes the saying, is when you lose your job; depression is when I lose mine.](https://sms4smile.com/quotes/amity-shlaes/the-difference-between-recession-and-depression-is-simple-recession/) [Amity Shlaes](https://sms4smile.com/quotes/author/amity-shlaes/) > [When you see government leaders really bullying business, you know that government's economic policy is failing. 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